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Spending vs saving: finding the balance between YOLO and future you

Australian Finance Podcast

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Spending Money Is Good for the Economy

When you're about to spend money, these three questions help me. Is it based on the emotion, need, want, or environment that I'm in? Just having that trigger there. Number two, what value do I place on this purchase? Is it aligning with what I want to do with my money? And is it worth the time I spent earning this money? The bigger your purchase, the bigger that time frame should become. If you're buying a new car, will I still be happy with this in two years? Yeah. Maybe you will. But for me, those are things that I'm happy to spend more money on. Come up with seven things I would spend

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